Other comprehensive income (loss) (Tables)

6 Months Ended

Jun. 30, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Reclassification adjustments – Information regarding amounts reclassified from accumulated other comprehensive loss to net income was as follows:


Accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss								Affected line item in consolidated statements of comprehensive income
	Quarter Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Amortization of postretirement benefit plan items:
Prior service credit	$	355	$	355	$	711	$	711	Other income, net
Net actuarial loss	(212)		(334)		(424)		(667)		Other income, net
Total amortization	143		21		287		44		Other income, net
Tax expense	(76)		(44)		(152)		(89)		Income tax provision
Amortization of postretirement benefit plan items, net of tax	67		(23)		135		(45)		Net income
Cash flow hedges:
Realized gain on cash flow hedges	—		895		—		1,810		Interest expense
Tax expense	—		(242)		—		(489)		Income tax provision
Realized gain on cash flow hedges, net of tax	—		653		—		1,321		Net income
Total reclassifications, net of tax	$	67	$	630	$	135	$	1,276

Accumulated other comprehensive loss

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the six months ended June 30, 2025 and June 30, 2024 were as follows:


(in thousands)	Postretirement benefit plans		Currency translation adjustment		Accumulated other comprehensive loss
Balance, December 31, 2024	$	(16,566)	$	(13,350)	$	(29,916)
Other comprehensive income before reclassifications	—		1,104		1,104
Amounts reclassified from accumulated other comprehensive loss	(135)		—		(135)
Net current-period other comprehensive (loss) income	(135)		1,104		969
Balance, June 30, 2025	$	(16,701)	$	(12,246)	$	(28,947)


(in thousands)	Postretirement benefit plans		Net unrealized gain on cash flow hedges(1)		Currency translation adjustment		Accumulated other comprehensive loss
Balance, December 31, 2023	$	(19,824)	$	(286)	$	(9,918)	$	(30,028)
Other comprehensive income (loss) before reclassifications	—		6,903		(1,499)		5,404
Amounts reclassified from accumulated other comprehensive loss	45		(1,321)		—		(1,276)
Net current-period other comprehensive income (loss)	45		5,582		(1,499)		4,128
Balance, June 30, 2024	$	(19,779)	$	5,296	$	(11,417)	$	(25,900)

(1) Other comprehensive income before reclassifications is net of income tax expense of $2,553.

DELUXE CORP 10-Q